Australian Bureau of Statistics
8501.0 - Retail Trade, Australia, Feb 2004
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/03/2004
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REVISIONS TO TREND ESTIMATES
2 The March seasonally adjusted estimate of retail turnover is 1.0% lower than the February estimate.
Under concurrent seasonal adjustment, the most recent seasonally adjusted and trend estimates are likely to be revised when original estimates for subsequent months become available. The trend revision is a combined result of the revision of the seasonally adjusted estimates and the revision derived from the use of asymmetric moving averages as future data become available (for more information, refer to paragraph 26 in the explanatory notes). ABS research shows that about 75% of the total revision to the trend estimate at the current end of the time series is due to the use of different asymmetric moving averages when the original estimate for the next time period becomes available. To assess the reliability of the trend estimate at the current end, the "what-if" chart presents trend estimates under two different scenarios of the next time period. The chart shows only the impact due to the changes of the asymmetric moving averages and does not include the unknown impact of revision to seasonal factor estimates that would arise when the original estimate for the next time period becomes available.
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This page last updated 20 June 2006